Announcement
19 Nov 2014
On 19 November 2014, the Indonesian Financial Services Authority (OJK) issued regulation 28/POJK.05/2014 allowing, under certain restrictions, for foreigners to work in financial institutions.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
19 Nov 2014
Revocation date:
No revocation date
Last action: 19 Nov 2014
Labour market access
In force
With the new legislation, foreigners may be employed as consultants, advisors, or experts are ranked one position below the board of directors (art. 15(2) of the regulation).
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Implementation date
19 Nov 2014
Revocation date:
No revocation date
Last action: 19 Nov 2014
Labour market access
In force
Furthermore, the employment of foreigners has to be reported at least 30 days ahead to the Authority (art. 15(6)).
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